The USDA is creating a loan guarantee program to help small meat processing facilities expand. By using $100 million from the American Rescue Plan Act to provide these guarantees, USDA can help increase resiliency of the food supply chain. USDA will issue a notice soon on the eligibility requirements and the application window. The agency will host a lender training webinar on October 14 to inform rural lenders how they can be approved to participate in the program. Framework for the $500 million meat processing capacity fund is expected by the end of the year.
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